Homework Answers
| B. Indirect variable cost | 1. Labor in the maintenance department |
| A. Direct variable cost | 2. Glue and tacks used in production |
| B. Indirect variable cost | 3. Lubricating oil for production machines |
| D. Indirect fixed cost | 4. Salary of the plant accountant |
| D. Indirect fixed cost | 5. Oil used for monthly preventive maintenance on production machines |
| D. Indirect fixed cost | 6. Insurance on the plant machinery |
| A. Direct variable cost | 7. Hourly factory wages |
| B. Indirect variable cost | 8. Wages in the materials receiving and handling department |
| D. Indirect fixed cost | 9. Taxes on plant equipment |
| A. Direct variable cost | 10. Shipping costs for direct materials |
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Question 4 ABC Manufacturing wants to determine whether its various product costs...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be...
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost Cost Item Variable or Fixed Se Administrative...
Question 1 Sunland Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process...
Question 1 Sunland Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,700 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $329 and $220, respectively. 3,700 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $8,235 23,084 3,104 1,098 4,941 2,086 1,885 2,635 (a) Identify the above costs as variable, fixed, or...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold, and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost Cost Item Selling Cost Administrative Cost Direct...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 4,236 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $424 and $282, respectively. 4.236 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,590 25,416 2,965 1,412 6,354 2,683 1,553 3,389 Identify the above costs as variable, fixed, or mixed. Cost Direct...
Sandhill Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
Sandhill Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3.900 units. The utilities and maintenance costs are more costs. The fored portions of these costs are $387 and $258, respectively. 3.900 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation 59.675 27.420 3.702 1.290 5,805 2451 1.233 3.096 Identify the above costs as variable, fixed, or med. Costs Direct...
E19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are...
E19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,000 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $300 and $200, respectively. Production in Units 3,000 Production Costs Direct materials $ 7,500 Direct labor 18,000 Utilities 2.100 Property taxes 1,000 Indirect labor 4,500 Supervisory salaries 1,900 Maintenance 1,100 Depreciation 2,400 Instructions (a) Identify the above costs as variable, fixed,...
The costs were taken from the accounting records of the Barnwell Manufacturing Company, Classify each item...
The costs were taken from the accounting records of the Barnwell Manufacturing Company, Classify each item as either a product cost or a period cost. Also, classify all product costs as direct or indirect, assuming that the cost object is each unit of product manufactured.(If not applicable then select NA.) Product Cost or Period Cost Direct Cost or Indirect Cost Items 1. State income taxes 2. Insurance on the manufacturing facilities 3. Supplies used in manufacturing 4. Wages for employees...
Classifying Costs The following is a list of costs incurred by several business Classify each of...
Classifying Costs The following is a list of costs incurred by several business Classify each of the following costs as product costs or period costs. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense: Costs Classification a. Cost of fabric used by dothing manufacturer b. Maintenance and repair costs for factory equipment c. Rent for a warehouse...
Exercise 19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process...
Exercise 19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,165 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $316 and $211, respectively. 3,165 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $7,912 18,990 2,215 1,055 4,747 2,004 1,160 2,532 Your answer is correct. x Your answer is incorrect....
Indicate whether the following costs of Procter & Gamble, a maker of consumer products, would be classified as direct materials cost, direct labor cost, or factory overhead cost: Cost Classification a. Resins for body wash products b. Scents and fragrances used in making soaps and detergents c. Plant manager salary for the Iowa City, lowa, plant d. Depreciation on the Auburn, Maine, manufacturing plant e. Depreciation on assembly line in the Mehoopany, Pennsylvania, paper products plant f. Maintenance supplies g....
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost Cost Item Variable or Fixed Se Administrative...
Question 1 Sunland Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,700 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $329 and $220, respectively. 3,700 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $8,235 23,084 3,104 1,098 4,941 2,086 1,885 2,635 (a) Identify the above costs as variable, fixed, or...
Listed below are costs found in various organizations. Required: For each cost item, indicate whether it would be variable or fixed with respect to the number of units produced and sold, and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an indirect cost with respect to units of product. Manufacturing (Product) Cost Cost Item Selling Cost Administrative Cost Direct...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 4,236 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $424 and $282, respectively. 4.236 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,590 25,416 2,965 1,412 6,354 2,683 1,553 3,389 Identify the above costs as variable, fixed, or mixed. Cost Direct...
Sandhill Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3.900 units. The utilities and maintenance costs are more costs. The fored portions of these costs are $387 and $258, respectively. 3.900 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation 59.675 27.420 3.702 1.290 5,805 2451 1.233 3.096 Identify the above costs as variable, fixed, or med. Costs Direct...
E19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,000 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $300 and $200, respectively. Production in Units 3,000 Production Costs Direct materials $ 7,500 Direct labor 18,000 Utilities 2.100 Property taxes 1,000 Indirect labor 4,500 Supervisory salaries 1,900 Maintenance 1,100 Depreciation 2,400 Instructions (a) Identify the above costs as variable, fixed,...
The costs were taken from the accounting records of the Barnwell Manufacturing Company, Classify each item as either a product cost or a period cost. Also, classify all product costs as direct or indirect, assuming that the cost object is each unit of product manufactured.(If not applicable then select NA.) Product Cost or Period Cost Direct Cost or Indirect Cost Items 1. State income taxes 2. Insurance on the manufacturing facilities 3. Supplies used in manufacturing 4. Wages for employees...
Classifying Costs The following is a list of costs incurred by several business Classify each of the following costs as product costs or period costs. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense: Costs Classification a. Cost of fabric used by dothing manufacturer b. Maintenance and repair costs for factory equipment c. Rent for a warehouse...
Exercise 19-6 PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,165 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $316 and $211, respectively. 3,165 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $7,912 18,990 2,215 1,055 4,747 2,004 1,160 2,532 Your answer is correct. x Your answer is incorrect....
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